Sunny-Side-Up!

The author of this blog is a corporate banker in Manhattan. (native of Yokohama, Japan) Purpose of the site is to scrapbook random thoughts.

Monday, February 18, 2008

Wall Street is the Loss Taker

So, Wall Street is the loss taker(s) and will be penalized for sub prime mortgage oriented real estate bubble burst. The same situation as Japan in 90's. There will be much more to come in many different area of US economy. It was predictable, but it is a heavy news... http://www.msnbc.msn.com/id/23224905

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